The fund will be actively managed.
Asset management firm Jupiter has launched the
Jupiter Global Emerging Markets Short Duration Bond fund, a
sub-fund of the Jupiter Global Fund SICAV.
The fund, which will be managed by Alejandro Arevalo, will broaden out Jupiter’s newly-established emerging market debt (EMD) offering following the launch of the Jupiter Global Emerging Markets Corporate Bond fund in March this year, the firm said in a statement.
The Jupiter Global Emerging Markets Short Duration Bond fund, which will be actively managed, aims to achieve long term income and capital growth by investing primarily in short duration bonds exposed directly or indirectly to emerging market (EM) economies worldwide. The fund will adopt a total return approach, with the flexibility to allocate between sovereigns, corporates and local currency, while keeping average fund duration under three years.
Arevalo, who joined Jupiter in 2016, has more than 18 years’ experience of investing in emerging markets. He will be supported in running the fund by two EMD analysts, Nachu Chockalingam and Reza Karim, who joined the company earlier this year as part of Jupiter’s credit research team.
“This new fund will further enhance Jupiter’s range of fixed income strategies, enabling new and existing clients to access this important asset class through products designed to suit different market environments and investor objectives,” said Katharine Dryer, head of investments, fixed income and multi-asset.